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Bernstein Analysts Predict Crypto Market Growth to $7.5 Trillion in 2025

Cryptocurrency appears to be gearing up for significant growth, according to a recent report. The report suggests that the collective value of crypto could triple to reach $7.5 trillion by the year 2025. Researchers Mahika Sapra and Gautam Chhugani from Bernstein highlighted several key factors in a note to their clients that could fuel this surge.

According to Bernstein’s analysis, Bitcoin might reach $150,000 by next year, buoyed by the unprecedented influx of funds into 10 newly launched Bitcoin spot ETFs earlier this year. While the pace of inflows has tapered off since the beginning of last month, Bernstein views this as a temporary slowdown before ETFs are more extensively incorporated into brokerage platforms, wealth advice services and private banking systems.

Ethereum, the second-largest cryptocurrency globally, has experienced a 43% increase in value this year. However, it has struggled to keep pace with Bitcoin due to regulatory constraints. According to Sapra and Chhugani, Ethereum’s growth has been hindered by the absence of approval from the U.S. Securities and Exchange Commission (SEC) for an Ethereum spot ETF.

Although many market observers doubt the likelihood of the SEC approving comparable funds, Bernstein suggests that a rejection could lead to litigation, akin to Grayscale’s efforts to change its Bitcoin futures ETF into a spot fund, refocusing attention on Ethereum. Additionally, Bernstein advises investors to monitor Ethereum’s staking economy where platforms such as EigenLayer and Lido are expected to drive its growth in the coming year.

Despite being the fifth-largest cryptocurrency globally with a market cap of $60 billion, Solana has garnered attention for its integrated design, rapid processing, low transaction costs and significant market share in stablecoin transactions. Bernstein believes that Solana’s prominence as a payments platform will continue to grow, especially as major payment processors such as Stripe adopt its features.

The recent crackdown on centralized cryptocurrency exchanges, including Binance and Coinbase, could bode well for decentralized finance growth, according to Sapra and Chhugani.

Tokenization has emerged as a major trend this year, with companies such as Franklin Templeton and BlackRock expanding their presence in this arena. Bernstein predicts that this trend will attract new participants from both the traditional and digital asset finance sectors.

Lastly, Web3 games, long heralded as the future of gaming, are making a comeback. Despite the lackluster reception of blockchain-based games in 2021, analysts and venture capitalists foresee renewed interest in Web3 games.

Bernstein recommends investing in Ronin Blockchain, a gaming-focused company. Despite the decline in value of its flagship game Axie Infinity since November 2021, Bernstein highlights Ronin’s success in onboarding 11 new games and attracting approximately three million active users monthly.

If this predicted growth materializes, many crypto industry companies such as Bit Digital Inc. (NASDAQ: BTBT) could also see double-digit growth rates in their operations if they position themselves to leverage the overall surge of the market.

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